Community & General News
RBI approves Air India debt restructuring
29 November 2011 at 10:20Banks may be allowed to treat the national carrier’s loans as standard assets even after the recast Air India Ltd has won the central bank’s approval for a debt recast plan crucial to the state-run carrier receiving desperately neede
CBEC seeks more staff to meet growing workload
29 November 2011 at 10:19The Central Board of Excise and Customs (CBEC) has asked the government for 25,000 more employees, equivalent to 40% of its current staffing level, to meet the growing workload. The finance ministry unit helps formulate policy on the levy an
FDI in Retail Sector to create 10 million jobs: Anand Sharma
28 November 2011 at 12:58The decision of the Union Cabinet to permit FDI into multi-brand retail in the country will create 10 million new jobs including 6 million in the logistics sector alone, said Shri Anand Sharma, Union Minister for Commerce and Industry. Addressing
PM got past a split cabinet to push retail FDI
26 November 2011 at 12:55It wasn't just a vocal opposition that was against the Cabinet's decision to allow 51% foreign direct investment (FDI) in multi-brand retail business. The cabinet itself was split down the middle, which had an animated — even heated &m
Deregulation of Savings Bank Deposit Interest Rate
26 November 2011 at 10:22RBI/2011-12/281 UBD.BPD.(PCB)CIR No.13/13.01.000/2011-12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No
FDI for multi-brand retailing gets past cabinet
25 November 2011 at 12:01You will soon be able to walk into a mega deep discount store run by global retailers such as Walmart, Tesco and Carrefour in your neighbourhood. Brushing aside political resistance from allies Trinamool Congress and DMK as well as some Congre
RBI gives nod to Air India plan, asks banks to meet on Monday
25 November 2011 at 12:01The Reserve Bank of India (RBI) has approved state-owned Air India Ltd’s financial restructuring plan with conditions and asked a group of creditors led by State Bank of India (SBI) to take the process forward. RBI has written to SBI and o
ICSI - Online change of Address by the Members
25 November 2011 at 11:22Sub : Online change of Address Dear Member, This has a reference to the ongoing initiative of the Institute for automation. In this regard, the facility for online change of address of the Members has also been added to the list of services alr
The New Tata Boss
24 November 2011 at 12:17Cyrus Mistry is 43 years old, younger than what Ratan Tata was when he took over at the helm of the Tata group in 1991. His appointment will be part of a larger generational shift in the Tata group, after leadership changes in many of the operati
RBI hikes Interest Rates on NRE and FCNR(B) Deposits
24 November 2011 at 11:35Interest Rates on Non-Resident (External) Rupee (NRE) Deposits In view of the prevailing market conditions, it has been decided that until further notice and with effect from close of business in India as on November 23, 2011, the interest rates o
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